E 3 - 3 cooper industries inc. began the year with retained earnings of $ 2 5 . 3 2 million. during the year, it paid four quarterly dividends of $ 0 . 3 5 per share to 2 . 7 5 million common stockholders. preferred stockholders, holding 5 0 0 , 0 0 0 shares, received two semiannual dividends of $ 0 . 7 5 per share. the firm had a net profit after taxes of $ 5 . 1 5 million. prepare the statement of retained earnings as of the end of the year.